Despite seeing its contributions and grants more than double, the Verde Valley Caregivers Coalition lost money in 2013, the most recent year it filed with the Internal Revenue Service.
The revenue windfall was offset by increases in salaries [77.7 percent] and other expenses [46.6 percent], according to the organization’s IRS Form 990, the annual financial statement filed by 501(c)(3) tax-exempt charitable groups.
Available for public inspection, 990s offer a glimpse into the finances of tax-exempts and can help donors decide which charities to support based on how they allocate their resources. Find 990s online or stop by any tax-exempt organization and ask for a copy of its most recent filing.
VVCC “provides volunteers, programs and services to support adults in need of assistance in maintaining their independence and quality of life at home,” according to its website. Formed in 1995, VVCC is located at 299 Van Deren St. in Uptown.
The organization reported contributions and grants of $457,639 in 2013, up 111.4 percent over the previous year.
It was the third consecutive year that VVCC showed an increase in that category following a precipitous drop between 2009 and 2010, when contributions and grants fell from $305,893 to $94,711.
To read the full story, see the Wednesday, July 1, edition of the Sedona Red Rock News.
